Based on its outstanding performance in the third quarter of 2017, LANXESS, a specialty chemicals company, expects revenue for the fiscal year to set the highest record in the company's history.
In the third quarter, the company's global sales were 2.4 billion euros, an increase of 25.1% from the 1.9 billion euros last year, an increase of 483 million euros in the regular business range of interest tax depreciation and amortization compared with 257 million euros last year An increase of 35% to 347 million euros This increase is mainly due to the newly acquired Branch Poly Asia business revenue and sales growth in the third quarter of 2017 regular business within the tax depreciation and amortization profit margin 14.4%, significantly higher than the same period last year 13.4%.
"LANXESS is gaining momentum and our clear, focused growth strategy for high-margin specialty chemicals is increasingly rewarded, and our new business unit excels in operations." It is especially gratifying that all regions and all special The Chemicals business has seen substantial revenue growth, "said Matthias Zachert, Chairman of the Management Board of LANXESS.
Net income was € 55 million for the quarter due to an additional expenditure expense of 62 million euros in the same quarter of 2009. This was mainly due to the combined production costs of lubricant precursors and the associated Ankerweg production in Amsterdam, the Netherlands Base closure plans Net revenues in the regular operating segment were 106 million euros, an increase of 37.7% from 77 million euros in the third quarter of 2016.
In view of strong third-quarter earnings data, LANXESS adjusted its earnings estimates for 2017 by 25 million euros from its lower estimate, and LANXESS expects full-year EBT discounts and spreads Profit before sales will be between Euro 1.25 and Euro 1.3 billion Lanxess, headquartered in Cologne, Germany, is set to record another record as the company's highest operating result to date is the highest record of about 1.2 billion euros in 2012.
Sales of all business segments increased significantly year on year
In the third quarter of 2017, sales of high-quality intermediates business segment reached 479 million euros, an increase of 10% over the 435 million euros in the same period last year, an increase of 44 million euros. The regular business scope of interest tax rebates and amortization Profit up to 87 million euros, up 5% from the 83 million euros in the same period last year, an increase of 4 million euros, mainly due to higher sales of high-quality industrial intermediary business unit sales tax discount The pre-amortization profit margin was 18.2%, compared with 19.1% in the same period of last year.
Sales of the new Specialty Additive business segment surged to € 478 million, an increase of 124% from the € 213 million reported in the same period last year, to € 265 million in 2014. Profit before tax and pre-amortization for the regular business segment amounted to 77 million euros, A 120% increase from the 35 million euros in the same period of last year, and an increase of 420 billion euros in revenue. The substantial increase in revenue was mainly due to the consolidation of Qianju Ju Ya Additives Business. The EBITDA and pre-amortization profit margin 16.1%, slightly lower than the 16.4% of the same period last year.
In the third quarter of 2017, sales of high-performance chemicals business segment reached 346 million euros, an increase of 11% over the 328 million euros in the same period last year, an increase of 36 million euros. Interest tax discounts and amortization within the normal business range Former profit of 6,500 million euros, compared with 5,600 million euros in the same period last year increased by 16.1%, an increase of 9 million euros in all business unit sales have improved last year, the company's cleaning and disinfection Corum special business acquisitions This earnings contribution has made a significant contribution, with EBIT and EBIT margin rising to 17.9% from 17.1% last year.
Engineering Materials business segment sales of 351 million euros, compared with 257 million euros in the same period last year increased by 36.6%, an increase of 94 million euros within the scope of regular business interest tax discounts and pre-amortization profits increased by 52.4% from the same period last year Of 42 million euros to 64 million euros, an increase of 22 million euros.High performance materials business unit sales and high-profit product trends have a positive impact on revenue.New acquisitions Branch Poly Asia's high margin polyurethane sector to this Income also has outstanding contributions.Regular business scope within the tax discount and amortization profit margin was 18.2%, significantly higher than the same quarter last year, 16.3%.
Alcatel-Lucent business segment sales of 717 million euros, up 6% from 675 million euros in the same period last year, an increase of 42 million euros in the conventional business within the interest-based discounts and pre-amortization profits of 76 million euros, A 17% decrease from EUR 91 million in the same period last year, a decrease of EUR 15 million. The decrease was mainly due to the significant fluctuations in raw material prices and the weak US dollar. The EBITDA margin was 10.6% 13.5% over the same period of last year.
Third Quarter 2017 Key Figures
(In millions of euros)
| | Third quarter of 2016 | Third quarter of 2017 | Percentage change |
| Sales | 1,921 | 2,404 | 25.1 |
| Interest tax discount and amortization profit in the normal business scope | 257 | 347 | 35.0 |
| Interest tax discount and amortization profit margin (%) in the normal business scope | 13.4 | 14.4 | |
| Net income in the normal business area | 77 | 106 | 37.7 |
| Net income | 62 | 55 | (11.3) |
| Pre-amortization earnings per share in the normal business range (in euros) | 0.84 | 1.15 | 37.7 |